Stories

  • Rasmala Launches Equity Fund

    July 30, 2009

    Rasmala Investments Saudi has launch Rasmala Saudi Equity Fund, a Shariah compliant fund that will invest directly in the Shariah Compliant securities listed on Tadawul.

  • CIC Taps Morgan, Blackstone As Managers

    July 30, 2009

    China’s $200 billion sovereign wealth fund, China Investment Corp., has selected Morgan Stanley and Blackstone Group to oversee hundreds of millions of dollars in new private fund investments, people familiar with the matter told The Wall Street Journal.

  • Preqin: 2/20 HF Fee Model Outdated

    July 30, 2009

    The fee structure used by the hedge fund industry is behind the times and not sustainable, according to research by Preqin.

  • KKR, GS Capital Offer €100M To Kion

    July 30, 2009

    Kohlberg Kravis Roberts and Goldman Sachs Capital Partners will extend €100 million funding to Kion, Financial Times reports.

  • Terra Investors OK £300M EMI Infusion

    July 30, 2009

    Terra Firma investors have approved a plan by the private equity firm to invest £300 million of equity into EMI as part of a possible refinancing of the music group’s debt, Financial Times reports.

  • RAB Sees Fund Inflows, Plans Expansion

    July 30, 2009

    Hedge fund manager, RAB Capital, is set to receive new investments after there were marginally positive net inflows into its funds, The Wall Street Journal reports.

  • Highland Capital BD Head To Exit

    July 30, 2009

    Highland Capital Management partner and head of business development, Jack Yang, will leave the firm in August, Pensions & Investments reports.

  • PE Firms In Race For AIG Advisor

    July 30, 2009

    Two private equity firms are reportedly the final bidders for AIG Advisor Group, sources told Investment News.

  • Madoff’s Wife Faces $45M Suit

    July 30, 2009

    Irving Picard has sued Bernard Madoff’s wife, Ruth Madoff, Financial Times reports.

  • U.S. Hedgies Buy Gold To Hedge Against Inflation

    July 30, 2009

    A new survey from Moonraker Fund Management found that many hedge funds are buying gold to protect against severe inflation. Of the 22 surveyed, 20 are buying gold.

  • Cairn Readies Follow-Up Credit Fund

    July 30, 2009

    Cairn Capital is preparing to launch its second credit fund.

  • Big Apple Group Formed For CCOs

    July 30, 2009

    New York area chief compliance officers now have a local forum to discuss compliance issues as law firm Blank Rome in conjunction with compliance consultants SEC3 are sponsoring a series of cco roundtables.

  • Attorneys: Case Teaches Beneficial Ownership Lesson

    July 30, 2009

    The recent settlement of a Securities and Exchange Commission action against hedge fund adviser Perry Corp. has important implications for disclosures that institutional investors must make under Section 13(d) of the Exchange Act.

  • SEC Bars Calif. IA Over Fraud Claim

    July 30, 2009

    The Securities and Exchange Commission has in an administrative proceeding barred Bradley Ruderman, who was associated with Beverly Hills, Calif.-based Ruderman Capital Management, from associating with any investment adviser over allegations that he defrauded hedge fund clients.

  • Brothers Prep Appeal Financing Fund

    July 29, 2009

    Brothers Joel and Howard Liberson have co-founded San Francisco-based Appellate Funding and seek to raise $100 million for its maiden fund of the same name that will focus on plaintiff appeal financing.

  • Thames River Hires For Ex-Quantum Fund

    July 29, 2009

    Thames River has hired Gaurav Bamania as assistant fund manager, Investment Week reports.

  • Demeter Raises €182M For Follow-Up Fund

    July 29, 2009

    French clean tech-focused private equity firm, Demeter Partners, has raised €182 million for its Demeter 2 fund.

  • Europe To Alter Draft HF Rules

    July 29, 2009

    Sharon Bowles, Chairman of the European parliament’s economic and monetary affairs committee, will revise draft regulations for hedge funds, Financial Times reports.

  • Brazil HF Backs Homebuilders

    July 29, 2009

    Marcos Duarte, co-founder of the Polo Capital Gestao de Fundos, is acquiring more Brazilian homebuilder shares, Bloomberg reports.

  • VC Firm Hires Ex-WSJ Digital CTO

    July 29, 2009

    Venture capital firm, Split Rock Partners, has appointed Jamie Thingelstad as an entrepreneur-in-residence, Pehub reports.

  • KKR Nears Dollar General IPO

    July 29, 2009

    Private equity firm, KKR, is nearing an initial public offering (IPO) of stock in Dollar General, people familiar with the matter told The Wall Street Journal.

  • SEC Freezes $50M Detroit Ponzi Scheme

    July 29, 2009

    The U.S. Securities and Exchange Commission (SEC) has obtained a court order to freeze assets of a firm allegedly running a $50 million Ponzi scheme near Detroit, according to an SEC release.

  • Swedish Shop Eyes Asia Money

    July 29, 2009

    Karakoram Asset Management is approaching Asian investors for its latest offering, its Asia ex-Japan long/short equity Karakoram Fund.

  • Bookbinder Rolls Out Green FoF

    July 29, 2009

    New York's Bookbinder Capital Management (BCM) has launched TerraVerde Capital Partners--a fund of funds that invests only in green hedge funds.

  • Echeverría Leaves Notz, Stucki

    July 29, 2009

    Manuel Echeverría has left Notz, Stucki & Cie, less than a year after he quit as ceo of Geneva crosstown rival Optimal Investment Services, Banco Santander’s hedge fund unit (totalalternatives.com, July 17, 2008).

  • Lawyer Advises Bespoke Approach To Asia

    July 29, 2009

    Hedge fund managers looking to target Asian investors must come up with a “bespoke policy for each targeted jurisdiction,” believes Angelyn Lim, a partner at Dechert in Hong Kong.

  • Ex-Citadel Execs Seek Suit Dismissal

    July 28, 2009

    Three Citadel Investment Group ex-employees are seeking to dismiss the hedge fund firm’s complaint against them, The Wall Street Journal reports.

  • PEM Group Founder Pleads Not Guilty

    July 28, 2009

    Danny Pang, the founder of Irvine-based Private Equity Management Group (PEM Group), has pleaded not guilty on two criminal counts, Reuters reports.

  • SEC Unveils Short Selling Rules

    July 28, 2009

    The Securities and Exchange Commission (SEC) has passed new rules on short selling that aim to offer investors new information about the volume and pace of negative bets placed against companies, The Wall Street Journal reports.

  • Warburg To Buy $115M Webster Stake

    July 28, 2009

    Private equity firm Warburg Pincus will buy a stake in Webster Financial, for $115 million, The Wall Street Journal reports.

  • BC Partners Writes Up Fund

    July 28, 2009

    Private equity firm, BC Partners, has written up its current fund in the first half, returning it to par value, a person familiar with the matter told Reuters.

  • BlueCrest Names Risk Head

    July 28, 2009

    London hedge fund firm, BlueCrest Capital Management, has hired Matthew Weir as chief risk officer, HedgeWeek reports.

  • Lansdowne Halts Inflows On Flagship

    July 28, 2009

    Lansdowne Partners is no longer accepting investments in its flagship fund, Financial Times reports.

  • Polygon Seeks Funds For New HFs

    July 28, 2009

    Polygon Investment Partners is seeking to raise money for two new hedge funds, a source close to the company told Reuters.

  • Will Online Gaming Be The Next Big Thing?

    July 28, 2009

    Online gaming will likely be a booming sector again for hedge funds and private equity funds.

  • Martin Currie To Open Singapore, Zurich Offices

    July 28, 2009

    Edinburgh-based Martin Currie will open offices in Singapore and Zurich in October and January, respectively.

  • London Startup To Distribute Niche Funds

    July 28, 2009

    Two London-based bankers have formed Capstan Capital Partners, whose business will be to distribute niche funds.

  • Olympia Eyes Credit

    July 28, 2009

    Olympia Capital Management plans to launch a credit-focused fund of funds before the end of September—the $3 billion firm’s first fund dedicated solely to the asset class.

  • Marwyn To Launch Unlisted Share Class

    July 27, 2009

    London-based Marwyn Investments Group is launching a share class that aims to protect investors from market fluctuations, Financial Times reports.

  • France’s AMF Extends Short-Selling Ban

    July 27, 2009

    The French financial services regulator has extended a short-selling ban on financial stocks for another six months, Financial News reports.

  • Golden Hedge Floats Multi-Strategy HF

    July 27, 2009

    Golden Hedge Umbrella SICAV has rolled out a multi-strategy hedge fund called Golden Hedge Multi-Strategy Fund.

  • GLG Invests In Oil Venture

    July 27, 2009

    GLG Partners is investing in a new oil production company, to be listed on the London Stock Exchange, The Telegraph reports.

  • Morgan FoF To Inject £45M In U.K. Bank

    July 27, 2009

    Morgan Stanley’s private equity fund of funds is planning to invest £45 million in leisure and property lender, Aldermore Bank, along with Anacap Financial, Financial Times reports.

  • KKR Fund Seeks Merger Approval

    July 27, 2009

    KKR Private Equity Investors (KPE) has launched a consent solicitation to seek approval to combine with KKR, Reuters reports.

  • Leonard Green Aims To Invest More In PIPE

    July 27, 2009

    Private equity firm Leonard Green & Partners is hoping to invest more in private investments in public equity (PIPE), The Wall Street Journal reports.

  • Nephila Raises $800M For Funds

    July 27, 2009

    Nephila Capital announced that it raised $800 million during the second quarter, for its catastrophe reinsurance funds.

  • Matrix Closes Ninth Fund At $600M

    July 27, 2009

    Matrix Partners has closed its ninth fund at $600 million, VentureBeat reports.

  • Odey Removes All Hedge Funds From FoF

    July 27, 2009

    Odey Asset Management has cut all hedge fund exposure from its Odey Opportunity Fund, a fund of funds which invests in equities, bonds and commodities.

  • Charlotte Shop Readies Managed Futures FoF

    July 27, 2009

    Aegis Funds Management has devised a fund of funds focused on a small number of underlying managed futures strategies, and expects it to be ready to launch within 45 days.

  • N.C. Firm Eyes First Marketing Push

    July 27, 2009

    Afton Capital Management, a Charlotte, N.C., long/short equity firm with $80 million under management, is planning to target investors for the first time since launching almost six years ago, and will hire a marketer to handle the job.

  • Unique Hedge Fund Database Launches

    July 24, 2009

    Jerry Chrisphonte has launched Hedge Fund Directories, a directory of hedge fund firms and executives.

  • Amber Gets Back Frozen Lehman Assets

    July 24, 2009

    Amber Capital Investment Management, the hedge fund firm co-founded by ex-Societe Generale SA trader Joseph Oughourlian, got back its remaining assets stranded in Lehman Brothers’ prime-brokerage unit, Bloomberg reports.

  • Geneva FoF Slump As Banks Struggle To Nullify Madoff

    July 24, 2009

    Geneva banks, which began investing client money in funds of hedge funds during the 1960s, are struggling to rebuild the business after market losses and Bernard Madoff’s Ponzi scheme cut assets by 72%, Bloomberg reports.

  • HF Manager Investigated For Fraud

    July 24, 2009

    Federal criminal authorities are investigating whether Corey Ribotsky, a Long Island, N.Y., hedge fund manager who has said he has $770 million under management, lied to investors about their returns and the holdings of his various funds, according to people familiar with the matter, the Wall Street Journal reports.

  • Shariah Gold Fund Outperforms Price, Index

    July 24, 2009

    U.S.-based Tocqueville Asset Management's Shariah-compliant gold hedge fund is outperforming both the metal's price and its Philadelphia index year-to-date, delivering a similar performance to its other gold investments, the Wall Street Journal reports.

  • Chicago Firm Anticipates Delayed Inflation

    July 24, 2009

    Chicago-based exchange-traded fund firm Advocate Asset Management has positioned its Advocate Partners for inflation arriving in late 2011 or early 2012.

  • Credit Startup Sees More Liquidity In U.S.

    July 24, 2009

    Summit, N.J.-based Viathon Capital is focusing its long/short credit fund on the U.S., where it believes there is more liquidity than in Europe.

  • Eastern Europe, Russia Roar in Q2: Well Done, Comrades

    July 24, 2009

    Eastern Europe & Russia earned the biggest gain of the second quarter, surging over 17%.

  • Ex-Citadel MD Preps Asian Event-Driven Fund

    July 24, 2009

    Nick Taylor, previously a managing director at Citadel Investment Group, has formed Hong Kong-based Senrigan Capital and is preparing to launch the Senrigan Asia Event Driven Fund on Oct. 1.

  • Oakley Looks To Deploy Cash

    July 24, 2009

    Oakley Capital Investments wants its Oakley Absolute Return fund of funds to be fully invested by the end of the summer, and is conducting due diligence on a number of managers so it can invest its 17% cash holding.

  • One Year Ago In Alternative Investment News

    July 23, 2009

    Credit Suisse hired three Bear Stearns execs...

  • "The idea of buying anything consumer-related is freaky to people. [...] We're willing to step into the void."

    July 23, 2009

    --Avi Faliks, co-founder of Vertex Capital, on the thinking behind investing in consumer goods sectors.

  • Alternatives Manager Search Directory

    July 23, 2009

  • Mandate Scoreboard

    July 23, 2009

  • Hedge Fund Strategy Performance - June 2009

    July 23, 2009


 

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